Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases

Schedule of Company's Lease Cost

The Company’s lease costs for the three months and nine months ended September 30, 2022 and 2021 are as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Operating lease cost	$	3,826	$	3,261	$	11,171	$	9,631
Finance lease cost:
Amortization of right-of-use assets		31		38		92		112
Interest on lease liabilities		8		9		26		30
Net lease cost	$	3,865	$	3,308	$	11,289	$	9,773

Summary of Maturities of Operating Lease Liabilities

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Operating lease cost	$	3,826	$	3,261	$	11,171	$	9,631
Finance lease cost:
Amortization of right-of-use assets		31		38		92		112
Interest on lease liabilities		8		9		26		30
Net lease cost	$	3,865	$	3,308	$	11,289	$	9,773

Summary of Maturities of Finance Lease Liabilities

	Operating		Finance
	Leases		Leases
Year 1	$	7,034	$	232
Year 2		6,838		60
Year 3		6,771		46
Year 4		6,831		46
Year 5		6,824		46
Years thereafter		559,999		486
Total future minimum lease payments		594,297		916
Less amount representing interest		(479,039)		(195)
Total present value of minimum payments	$	115,258	$	721

Schedule of Remaining Lease Term and Discount Rate of Leases

Weighted-average remaining lease term:
Operating leases	47.5	years
Finance leases	11.5	years
Weighted-average discount rate:
Operating leases	6.8	%
Finance leases	4.0	%